Top 5 Highest Yielding Zacks #1 Ranked Balanced Mutual Funds - Highest Yielding Zacks #1 Ranked Funds
13 July 2012 - 1:41AM
Zacks
Balanced funds provide investors with the convenience of buying
into a single fund rather holding both equity and bond funds. This
category of funds also reduces a portfolio’s volatility while
providing higher returns than pure fixed income investments. Fund
managers of such funds also enjoy the flexibility of varying the
proportion of equity and fixed income investments in response to
market conditions. An upswing may prompt them to hold a relatively
higher share of equity in order to maximize gains; whereas a
downturn sees them turning to fixed income investments to stem
losses.
Below we will share with you the 5 highest yielding Zacks #1
ranked balanced mutual funds. Each has earned a Zacks #1 Rank
(Strong Buy) as we expect these mutual funds to outperform their
peers in the future. To view the Zacks Rank and past
performance of all balanced funds, investors can click here to see
the complete list of funds.
Mutual Fund
|
Yield
|
Ivy International Balanced A
|
4.76%
|
Buffalo Flexible Income
|
3.67%
|
MFS Diversified Income A
|
3.25%
|
Hartford Balanced Income A
|
2.72%
|
Mairs & Power Balanced
|
2.64%
|
Ivy International Balanced A
(IVBAX) invests in equity and debt securities which are issued from
mature economies in Europe and the Asia-Pacific region. The fund
invests in companies of all sizes and in government securities
rated investment grade. It may also consider investing in emerging
economies. The balanced mutual fund has a three year annualized
return of 6.92%.
The Fund Manager is John C. Maxwell and he has managed this
balanced mutual fund since 2009.
Buffalo Flexible Income (BUFBX) seeks capital
appreciation over the long term as well as high current income. The
fund invests in a wide spectrum of instruments like common stocks,
convertible and non-convertible preferred stocks, convertible and
non convertible debt securities, and junk bonds. The balanced
mutual fund has a three year annualized return of 14.22%.
The balanced mutual fund has an expense ratio of 1.01% compared
to a category average of 0.99%.
MFS Diversified Income A (DIFAX) invests in a large
variety of domestic and foreign equity and debt securities. The
fund also purchases convertible and emerging market securities and
invests in real estate. The balanced mutual fund has a three year
annualized return of 14.8%.
As of May 2012, this balanced mutual fund held 942 issues, with
2.45% of its total assets invested in Simon Property Group Inc.
Hartford Balanced Income A (HBLAX) seeks current income.
The fund intends to invests 45% of its assets in equity and 55% in
fixed income securities. The fund focuses on acquiring common
stocks with a track record of regular dividends. A maximum of 20%
of the fixed-income allocation may be utilized to purchase junk
bonds. The balanced mutual fund has a three year annualized return
of 14.36%.
The Fund Manager is Lucius T. Hill, III and he has managed this
balanced mutual fund since 2006.
Mairs & Power Balanced (MAPOX) focuses on acquiring
common stock, related convertible securities as well as
fixed-income securities. The fund focuses on acquiring investment
grade fixed-income securities with higher ratings. It may also
invest in convertible and non-convertible securities with lower
ratings. The balanced mutual fund has a three year annualized
return of 14.08%.
The balanced mutual fund has an expense ratio of 0.79% compared
to a category average of 0.99%.
To view the Zacks Rank and past performance of all balanced
mutual funds, investors can click here to see the complete list of
funds.
About Zacks Mutual Fund Rank
By applying the Zacks Rank to mutual funds, investors can find
funds that not only outpaced the market in the past but are also
expected to outperform going forward. Learn more about the Zacks
Mutual Fund Rank at http://www.zacks.com/funds.
(BUFBX): ETF Research Reports
(DIFAX): ETF Research Reports
(HBLAX): ETF Research Reports
(IVBAX): ETF Research Reports
(MAPOX): ETF Research Reports
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